Frisson
November 27, 2024, 5:55pm
172
The ARB Staking working groups published their analysis and recommendation here: ARB Staking Working Groups - Final Recommendation
As per the working group recommendation, Tally has committed to revisiting our implementation of the LST (stARB) to enable its functionality without requiring the redelegation of Voting Power. We are working on a proposed implementation that meets this requirement and will update the DAO as we make progress.
DAO Redelegation Strategy
After extensive discussions with stakeholders, consideration of current limitations for implementing a plural strategy (e.g., the lack of features such as Partial Delegation or Flexible Voting), analysis of potential legal implications, and challenges in reaching a consensus on a strategy, we concluded that eliminating its necessity from the design would be the most effective path forward.
As such, Tally has committed to revisiting the implementation of the LST to enable its functionality without requiring the redelegation of Voting Power. The goal is to create a design that allows users depositing their stARB in DeFi and to retain their chosen delegation. This redesign would also address cases where users delegate to an active delegate who later becomes inactive, ensuring that these users would need to take action (e.g., manually redelegating to an active delegate) to continue receiving rewards.
In summary, the Working Group recommendation is to proceed with the implementation of Native Staking based on the previously suggested parameters and to allow Tally the opportunity to redesign the LST. This approach ensures that the DAO can launch a platform aligned with its principles—a crucial consideration given that the creation of LSTs is currently 100% permissionless (i.e., anyone could create one without engaging with the DAO to discuss its design).
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